It was a mixed week for US equity indexes, with net weekly changes ranging from -2.7% (Dow), -2.6% (Nasdaq comp'), -1.5% (SPX), +0.2% (Trans), +0.8% (NYSE comp'), to +1.1% (R2K).
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
–
Summary
Three US equity indexes were net lower for the week, with three net higher.
The Dow was rather powerfully lower, whilst the R2K was sig' higher.
–
Looking ahead
Earnings:
M - $WASH $CMA $CCBG $DX $HBT $GNTY $BOH $WRB $AZZ $AGNC $MEDP $FLXS $MCB $BOKF $CADE $CALX $CATY
T - $VZ $GE $LMT $RTX $DHR $DGX $HAL $ELV $SYF $KMB $TSLA $ISRG $ENPH $SAP $COF $STLD $BKR $RRC $WFRD $ZWS
W - $BA $T $VRT $APH $NEE $CHKP $PM $GEV $VIRT $ODFL $IBM $ALK $NOW $CMG $CCS $ORLY $NEM $TXN $LRCX $LVS
T - $AAL $LUV $FCX $NOK $MRK $PEP $NDAQ $VLO $UNP $CNP $INTC $GOOGL $CLS $TMUS $AEM $BYD $VALE $DOC $SKX $WY
F - $SLB $PSX $ABBV $CL $POR $SAIA $CNC $AVTR $CHTR $LYB
-
Econ-data/events
M - Leading indicators
T - -
W - PMI serv' & manu', new home sales, Fed Beige book
T - Weekly jobs, durable goods orders
F - Consumer sent'
*UK/European markets will be CLOSED on Monday April 21st, and the US market could be expected to be somewhat more subdued than it otherwise would be.
-
Final note
It was a mixed week for the US market, but all the indexes held well above the prior week's low. Weekly momentum is on the very low side, and I have to lean net bullish into May. SPX should at least test the 200dma (currently 5751), and whether that is within May, or not until June, shouldn't matter to most.
Considering 'everything', I'd look for a stall from the 5700/5850 area, and then break a new multi-month low this summer. The bears arguably have until the typical seasonal floor of October. From then onward, the market will be prone to broad upside into early 2026.
For more of the same... you know where to find me.
Subscription offers,
see: https://www.tradingsunset.com
Have
a good Easter
--
*the next post on this page will likely appear 4.20pm EST on Monday.
